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Sticky Situation
jimmypounder
Posts: 15 Forumite
Good Evening Everyone
I have a car which has been declarn SORN for around 3 years.
I have finance outstanding on this car £1895, its now being collected by Mackenzie Hall on behalf of Black Horse..
The complication is that this car is deteriorating the longer it is off the road and I can't afford to pay for repairs, MOT etc to get it road worthy..
I have no plans to use this car again as my wife and I share a smaller car to keep costs down as I am in considerable debt.
The is worth no where near the outstanding balance and it is on a relatives drive who is eager to have there drive back..
Ideally I would like to get rid of the car for as much as possible and pay the remainder on a payment plan. The only thing I believe its against the law to sell a car that still has finance attached.. I would really appreciate some advice with this.
Many thanks in advance
James
I have a car which has been declarn SORN for around 3 years.
I have finance outstanding on this car £1895, its now being collected by Mackenzie Hall on behalf of Black Horse..
The complication is that this car is deteriorating the longer it is off the road and I can't afford to pay for repairs, MOT etc to get it road worthy..
I have no plans to use this car again as my wife and I share a smaller car to keep costs down as I am in considerable debt.
The is worth no where near the outstanding balance and it is on a relatives drive who is eager to have there drive back..
Ideally I would like to get rid of the car for as much as possible and pay the remainder on a payment plan. The only thing I believe its against the law to sell a car that still has finance attached.. I would really appreciate some advice with this.
Many thanks in advance
James
0
Comments
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Is it on HP or a personal loan?
Are the payments up to date?
If HP, read the contract for options. If a loan you can sell as not secured on car so won't flag up on a HP check.:beer:0
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